At present, vegetable oil is widely used in industry, and the edible demand of vegetable oil itself is greatly driven by industrial demand, which leads to its price increase. However, there is a very strange performance. The demand for vegetable oil is driven by industrial consumption, which leads to a sharp rise in prices, but crude oil also rises sharply due to the decline in demand.

The price is changing with the international market. According to past practice, oil prices will basically go up a lot. The price department said that the reason for the price adjustment of Arowana may be affected by the rising production costs of soybeans, but with the centralized listing of new rapeseed, there will be more reserves in the edible oil raw material market. Therefore, it is unlikely that edible oil will continue to rise at this stage.